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968 S New Hampshire Ave
Los Angeles, CA 90006
Multifamily Property For Sale
·
11 Units
EXECUTIVE SUMMARY
Attention Investors & Developers! We present two adjacent income properties totaling 11 units on a combined 11,787 SF R4-zoned lot near
Olympic Blvd and Vermont Ave, just minutes from Downtown Los Angeles. This is a rare opportunity to acquire a high-density development site with solid
in-place income and excellent future potential. 964 features one spacious 3bd+2ba unit and four 2bd+1ba units and 6 covered side-by-side parking spaces
in the rear. 968 offers five 2bd+1ba units, and one 1bd+1ba unit, and 6 covered side-by-side parking spaces in the rear and 3 tandem parking spaces in the
driveway. With strong rental demand in the area and favorable zoning for redevelopment, this is an ideal opportunity for investors or developers seeking
long-term value in one of LA's most dynamic neighborhoods. Both properties have to be sold concurrently
Drive by only, please do not disturb occupants. Subject to interior inspection.
Olympic Blvd and Vermont Ave, just minutes from Downtown Los Angeles. This is a rare opportunity to acquire a high-density development site with solid
in-place income and excellent future potential. 964 features one spacious 3bd+2ba unit and four 2bd+1ba units and 6 covered side-by-side parking spaces
in the rear. 968 offers five 2bd+1ba units, and one 1bd+1ba unit, and 6 covered side-by-side parking spaces in the rear and 3 tandem parking spaces in the
driveway. With strong rental demand in the area and favorable zoning for redevelopment, this is an ideal opportunity for investors or developers seeking
long-term value in one of LA's most dynamic neighborhoods. Both properties have to be sold concurrently
Drive by only, please do not disturb occupants. Subject to interior inspection.
PROPERTY FACTS
| Price Per Unit | $489,217 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 3.43% | Building Size | 7,785 SF |
| Gross Rent Multiplier | 18.84 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR4 | ||
| Price Per Unit | $489,217 CAD |
| Sale Type | Investment |
| Cap Rate | 3.43% |
| Gross Rent Multiplier | 18.84 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 7,785 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.54/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $2,474 CAD | - |
| 1+1 | 1 | $2,213 CAD | - |
PROPERTY TAXES
| Parcel Number | 5078-009-016 | Improvements Assessment | $698,407 CAD |
| Land Assessment | $1,629,624 CAD | Total Assessment | $2,328,031 CAD |
PROPERTY TAXES
Parcel Number
5078-009-016
Land Assessment
$1,629,624 CAD
Improvements Assessment
$698,407 CAD
Total Assessment
$2,328,031 CAD
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